§ Mr. JackTo ask the Secretary of State for Trade and Industry what percentage of ECGD cover was made available to(a) the aerospace industry, (b) sales of military aircraft, (c) sales of defence-related equipment and (d) civil aircraft sales, in each of the last five years. [100509]
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§ Mr. Caborn[holding answer 1 December 1999]: The table lists by financial year the percentage of ECGD cover made available for each of the sectors requested.
Business by Financial Year—Percentage split by type of business Percentage Military business Non-military business Aircraft Non-aircraft Aerospace Non-aerospace 1994–95 2.49 18.33 32.91 46.27 1995–96 10.22 12.49 17.43 59.86 1996–97 9.16 6.50 28.59 55.75 1997–98 6.96 16.22 23.98 52.84 1998–99 30.67 20.74 21.68 26.91 Note:
Underlying business figures have been converted to Sterling equivalents at 31 October 1999 exchange rates.
§ Mr. JackTo ask the Secretary of State for Trade and Industry what was(a) the value of receipts to and (b) the value of payments from the ECGD in connection with aerospace projects for businesses receiving ECGD cover, in each of the last five financial years. [100508]
§ Mr. Caborn[holding answer 1 December 1999]: The information requested is available only since 1996. The details are as follows:
£ million Year (a) (b) 1996–97 26.9 10.8 1997–98 58.8 4.5 1998–99 38.0 23.1 1999–2000 to 30 September 12.3 55.5
§ Mr. JackTo ask the Secretary of State for Trade and Industry what estimate he has made of the value to the UK economy of the work of the ECGD over the last 10 years. [100510]
§ Mr. Caborn[holding answer 1 December 1999]: No formal estimate of the value to the UK economy of ECGD's activities has been made in the last 10 years. However, since the privatisation of ECGD's short term business operations in 1991, the Department has facilitated approximately £30 billion of capital goods and project exports for UK exporters.
§ Mr. BerminghamTo ask the Secretary of State for Trade and Industry when he intends to publish the ECGD's Annual Report and Trading Accounts for 1998–99. [101474]
§ Mr. ByersThe Report and Accounts were laid before the House this morning. I am pleased to say that they demonstrate once more that British exporters, with Government support, have been successful in winning valuable overseas orders, despite 1998–99 being a difficult period for the global economy. Furthermore, they show that ECGD's finances are in a very healthy position, which must be good news for their ability to support further business while protecting the interests of the taxpayer.